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Bullboard - Stock Discussion Forum Snap Inc SNAP

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Snap Inc. is a technology company. Its product, Snapchat, is a visual messaging application that enhances relationships with friends, family, and the world. Snapchat is the Company's core mobile device application and contains five tabs, complemented by additional tools that function outside of the application. Snapchatters can interact with all five, or a subset of those five tabs... see more

NYSE:SNAP - Post Discussion

Snap Inc > Snap Falls 7% Amid Reports Of 20% Workforce Layoff, Ad Exec
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Post by AwareInvestor on Aug 31, 2022 8:22am

Snap Falls 7% Amid Reports Of 20% Workforce Layoff, Ad Exec

Following the expected guidance miss, Snap Inc. is rumored to be considering letting go 20% of its employees.
 
The report, broke by The Verge, relayed what people familiar with the matter said of the plans of cutting one-fifth of the tech firm’s 6,400 workforce. The layoffs have reportedly been in the pipeline for weeks and will begin on Wednesday.

https://thedeepdive.ca/snap-falls-7-amid-reports-of-20-workforce-layoff-ad-exec-leaving-for-netflix/
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